>> reporter: looking at defense stocks. continued uncertainty about the $50 billion in automatic cuts. the defense apartment here at the pentagon again today reiterating that they are not specifically planning for those cuts. they want congress to reverse them. meanwhile, the administration is saying, all of fun sending notices saying you will layoff people. we still don't know what the effects of the cuts will be. however, republicans are saying that move by the administration purely political. don't want the layoff notices put out in the mail. so still continued uncertainty about these -- the fiscal cliff, especially the cuts from the pentagon. liz: lockheed martin saying they don't expect it to be as bad as everybody thought. >> reporter: saying they will hold off. they won't lay of the -- layout in the layoff notices. the defense industry is still digesting this. liz: l. shapiro. >> straits apple. the end result, his word was catastrophic for whoever loses. apple could potentially lose these fights. coming down and 2014